Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 978 Shares

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 978 shares of Karooooo stock in a transaction on Friday, August 14th. The shares were sold at an average price of $63.30, for a total transaction of $61,907.40. Following the transaction, the chief executive officer owned 17,648,745 shares in the company, valued at $1,117,165,558.50. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Isaias Jose Calisto also recently made the following trade(s):

• On Thursday, August 13th, Isaias Jose Calisto sold 8,235 shares of Karooooo stock. The stock was sold at an average price of $63.58, for a total transaction of $523,581.30.
• On Wednesday, August 12th, Isaias Jose Calisto sold 2,158 shares of Karooooo stock. The shares were sold at an average price of $63.05, for a total value of $136,061.90.
• On Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The stock was sold at an average price of $63.25, for a total value of $1,426,224.25.
• On Tuesday, August 11th, Isaias Jose Calisto sold 242 shares of Karooooo stock. The stock was sold at an average price of $63.01, for a total value of $15,248.42.
• On Friday, August 7th, Isaias Jose Calisto sold 12,430 shares of Karooooo stock. The shares were sold at an average price of $64.48, for a total value of $801,486.40.
• On Thursday, August 6th, Isaias Jose Calisto sold 18,849 shares of Karooooo stock. The shares were sold at an average price of $63.29, for a total value of $1,192,953.21.
• On Wednesday, August 5th, Isaias Jose Calisto sold 33,833 shares of Karooooo stock. The stock was sold at an average price of $66.14, for a total value of $2,237,714.62.
• On Tuesday, August 4th, Isaias Jose Calisto sold 25,594 shares of Karooooo stock. The shares were sold at an average price of $64.60, for a total transaction of $1,653,372.40.
• On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The stock was sold at an average price of $64.51, for a total transaction of $1,317,100.67.
• On Friday, July 31st, Isaias Jose Calisto sold 25,452 shares of Karooooo stock. The shares were sold at an average price of $64.65, for a total transaction of $1,645,471.80.

Karooooo Stock Up 1.2%

KARO traded up $0.76 during trading hours on Tuesday, reaching $62.97. 12,591 shares of the stock traded hands, compared to its average volume of 82,767. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.14. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 32.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The firm’s fifty day simple moving average is $56.91 and its two-hundred day simple moving average is $51.39.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $96.26 million for the quarter. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. As a group, analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Karooooo

Several large investors have recently added to or reduced their stakes in KARO. DGS Capital Management LLC boosted its holdings in Karooooo by 5.7% in the first quarter. DGS Capital Management LLC now owns 7,359 shares of the company’s stock worth $367,000 after purchasing an additional 398 shares during the period. Renaissance Technologies LLC lifted its position in shares of Karooooo by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock worth $1,395,000 after buying an additional 400 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Karooooo by 7.5% in the 3rd quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock worth $351,000 after buying an additional 430 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Karooooo by 17.2% in the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after buying an additional 750 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Karooooo during the 2nd quarter valued at about $54,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KARO. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research note on Monday. Freedom Capital cut Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Needham & Company LLC raised their price target on shares of Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of Karooooo in a report on Thursday, July 16th. Finally, Zacks Research lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.50.

Karooooo Company Profile

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.